Tel Aviv, Sept. 20 -- Israel's Far-right Finance Minister Bezalel Smotrich has ignited controversy by describing the Gaza Strip as a "real estate bonanza."

Speaking at a real estate conference in Tel Aviv on Wednesday, September 18, Smotrich revealed that Israel is in discussions with the United States (US) about dividing and developing the war-torn territory into a profitable venture.

"There's a business plan - listen to me carefully - there's a business plan set by the most professional people there is and it's on President Trump's table," Smotrich stated. "This thing can turn into a real estate bonanza. I'm not kidding; it pays off."

He went on to explain that Israel had already completed the "demolition phase" in Gaza, referring to...